Fremont Gold Ltd. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on July 5, 2024. Each unit will be comprised of one common share and one half of one share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one share at a price of CAD 0.17 for a period of 18 months following the close of the placement.

The transaction included participation from lead investor Dennis Moore, President & CEO and majority shareholder of the company; and certain directors and/or officers of the company, existing shareholders and insiders. The placement is subject to regulatory approval and all securities issued pursuant to the placement are subject to a four-month hold period under applicable Canadian securities laws. The company may pay finders' fees in connection with the placement, as permitted by applicable securities laws and the rules of the TSX Venture Exchange.

The finders' fee will consist of a commission equal to 6% of proceeds raised, payable in cash.